1724 Menlo Ave - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$3,095,000 USD
310-666-2246
1724 Menlo Ave, Los Angeles, CA for Sale
$3,095,000 USD
Apartments - FOR SALE
1/50
null | 6% Cap Rate

1724 Menlo Ave
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • This is an exciting investment opportunity with a fantastic 6% Cap rate and a 13 GRM!
  • Located in a super convenient spot, just north of USC University Village, near Koreatown, and west of Downtown LA!
  • Ideal for co-living arrangements, student accommodations, and larger families.
  • Extra for a possible sixth unit (Junior ADU)

OVERVIEW

Built-in 2023, these five units are now available for purchase from the developer. This property is strategically located to ensure a steady income stream, currently achieving an attractive 6% cap rate and offering the potential for additional ADU (Accessory Dwelling Unit) conversions. Each unit features modern and stylish finishes, delivering a luxurious living experience. Furthermore, all units are separately metered for gas, water, and electricity, promoting a low-maintenance and efficient setting. This exceptional offering encompasses a well-planned 7,700 square feet, situated in the vibrant heart of Los Angeles, comprising (2) four-bedroom units, (2) three-bedroom units, and a one-bedroom ADU. The well-designed floor plans include ensuite bathrooms in all bedrooms and ample parking for tenants. Ideally located just east of Vermont and north of Washington Boulevard, it lies conveniently north of the esteemed USC campus and slightly west of downtown Los Angeles. This opportunity is ideal for a 1031 exchange buyer or any investor seeking consistent and passive cash flow in a thriving market.

FOR SALE DETAILS

PRICE

$3,095,000 USD

PRICE/SF

$402 USD /SF

# OF UNITS

5

PRICE/UNIT

$619,000

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units in LA - 6% Cap - Built in 2023

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LARD1.5

APN/PARCEL ID

5056-021-016

ASK ABOUT THIS PROPERTY

Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.